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Symantec took over Blue Coat and its CEO

Symantec took over Blue Coat and its CEO

23-08-2016 13:07:28

For 4.65 billion dollars Symantec - the market leader in cyber-security holding branches in more than 40 countries around the world - took over Blue Coat - a company from the same industry, but with a different specialization. What are the reasons for this acquisition?

There are at least a couple of reasons why Symantec acquired the Californian company. Firstly, the giant from Mountain View was searching for a new CEO for several months. Now, Greg Clark, the former CEO of Blue Coat will take the position of the combined companies. A true veteran of the network security market, whose name was placed on the list of Top 100 Executives issued annually by CRN. This ranking includes the leaders of the world of technology, who has played a significant role in shaping the IT industry as we know it today.

That's not all. A more important reason seems to be a constant increase in the number of threats that lurk on the Internet. As they evolve, so must develop the company fighting with them. PC antivirus, which was offered by Symantec for years, is absolutely not enough. The Internet has been changing. We use mobile devices and cloud more and more. Today not only our PCs are attacked, but everything which is connected to the network. Many companies base on safe operating of the Internet  and can not afford any downtime or other problems caused by hackers. Blue Coat brings to Symantec, among others, programs for cloud protection.

Symantec must defend not only against hackers. On the other hand, competition is lurking. The acquisition of Blue Coat enables the leader to increase its portfolio and improve the attractiveness of its offer. Now Symantec can offer the entire spectrum of security products on the network. The last reason is staffing needs. Symantec, besides the CEO, has gained over 3000 specialized engineers who will help protecting everything - from the devices to cloud apps.

After the merger the companies formed a real giant. As the company itself says, Symantec is now hiring more than 3,000 engineers and researchers, serving 385,000 customers worldwide, protects more than 12,000 applications running in the cloud and more than 64,000 data centers, scans 2 bln emails a day and, perhaps most important, detects every day 4 million previously not encountered threats.

 

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